Tim wrote:While I applaud the general attitude, he's displaying a massive misunderstanding of the most super-basic business finance.
Alright I'll bite. Oversimplifying? Sure. But the players and the businesses both received less revenue than expected (and contractually guaranteed) while maintaining a certain level of fixed expenses. Where is the 'massive misunderstanding'?
Happ is comparing players taking a reduced salary (there are no "fixed" expenses there) against a business where there are massive fixed expenses for stadiums, front office personnel, coaches, minor league operations, scouting, etc.
All this said, I'm for the players getting a much bigger percentage of the sport's revenues. Screw the billionaire owners. But it doesn't help to have a union representative showing a basic lack of understanding of the difference in finances for individuals vs businesses.